BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Agriculture | Oil

US EPA readies proposal for 2020-21 biofuel mandate

LNG

As US liquefaction projects come online, lower European and Asian prices are possible

Agriculture | Biofuels

Platts Biofuels Alert

Oil | Crude Oil | Refined Products | Equities | Financial Services | Private Markets

North American Crude Oil Exports Summit, 2nd Annual

Agriculture | Sugar

El aumento de la molienda de caña de azúcar en el centro-sur de Brasil supera las estimaciones de los analistas

US EPA readies proposal for 2020-21 biofuel mandate

Highlights

EPA says on track to release final volumes on time

Trump to tour Iowa ethanol plant Tuesday

Warren criticizes small refinery waivers

Washington — The US Environmental Protection Agency is close to releasing its proposal for how much biofuel refiners must blend into the US transportation fuel supply next year, a spokesman said Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The proposal has been shared with other agencies for review, spokesman Ken Labbe said, adding that a final version remains on track to be released by Congress' November 30 deadline.

EPA sent its proposal to the White House on May 6 and modified it on May 20, according to Office of Management and Budget records. The notice did not contain any details from the proposal or modification.

The biofuel policy has already entered the 2020 US presidential debate, as candidates campaign in Iowa, home to corn growers and biofuel producers.

On Monday, Senator Elizabeth Warren, Democrat-Massachusetts, said she supported the Trump administration's move to lift the summertime ban on E15 sales. But she took issue with EPA's accelerated use of small refinery waivers, which last year caused Renewable Identification Number prices to drop sharply.

President Donald Trump is scheduled Tuesday to tour the Southwest Iowa Renewable Energy ethanol plant in Council Bluffs. He is expected to tout the E15 expansion, which took effect a day before the summer driving season. The fuel was previously banned from June to mid-September.

The Renewable Fuel Standard requires refiners and importers to blend 19.92 billion gallons of renewable fuel into the US transportation fuel supply in 2019, including an implied 15 billion gallons of conventional ethanol. The conventional level is unchanged from 2017.

EPA set the 2020 biodiesel requirement at 2.43 billion gallons, up from the 2019 requirement of 2.1 billion gallons. The biodiesel volume is set one year ahead of the other categories.

The total renewable fuel volume for 2019 represents 10.97% of the US transportation fuel pool.

S&P Global Platts assessed D6 ethanol RINs for 2019 compliance at 14.5 cents/RIN Friday. D6 RINs for 2018 were assessed at 10.5 cents each.

RINs are tradable credits EPA issues to track production and use of alternative transportation fuels. For corn-based ethanol, one gallon of ethanol yields one RIN.

-- Meghan Gordon, meghan.gordon@spglobal.com

-- Edited by Richard Rubin, newsdesk@spglobal.com

Biofuelscan

Biofuelscan covers the latest worldwide biofuel news and prices and provides a daily summary of market events. Use the request a free trial link and we will send you 5 issues free for your review.

Free Trial